Common use of Acceptance and Payment Clause in Contracts

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.8 in writing on or prior to a date at least ten (10) Business Days prior to the Cross-Put Prepayment Date (such date ten (10) Business Days prior to the Cross-Put Prepayment Date being the “Cross-Put Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Cross-Put Response Date. Prepayment of the Notes to be made pursuant to this Section 8.8 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest accrued thereon and the Make-Whole Amount determined as of the prepayment date. The prepayment shall be made on the Cross-Put Prepayment Date determined for prepayment pursuant to Section 8.8(a).

Appears in 3 contracts

Samples: Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc), Note Purchase Agreement (RGC Resources Inc)

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Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.8 8.7 in writing on or prior to a date at least ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date (such date ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date being the “Cross-Put Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Cross-Put Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.8 8.7 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued thereon and to the Make-Whole Amount determined as date of the prepayment dateprepayment. The prepayment shall be made on the Cross-Put Disposition Prepayment Date determined for prepayment pursuant to Section 8.8(a8.7(a).

Appears in 3 contracts

Samples: Private Shelf Agreement (RGC Resources Inc), Private Shelf Agreement (RGC Resources Inc), Note Purchase Agreement (RGC Resources Inc)

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.8 8.7 in writing on or prior to a date at least ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date (such date ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date being the “Cross-Put Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Cross-Put Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.8 8.7 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued thereon and to the Make-Whole date of prepayment and, in respect of any Notes bearing a floating interest rate, any Floating Rate Index Breakage Amount determined as of for the prepayment datedate with respect to such principal amount. The prepayment shall be made on the Cross-Put Disposition Prepayment Date determined for prepayment pursuant to Section 8.8(a8.7(a).

Appears in 1 contract

Samples: Private Shelf Agreement (RGC Resources Inc)

Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.8 8.4 in writing on or prior to a date at least ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date (such date ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date being the “Cross-Put Disposition Response Date”), ) shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Cross-Put Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.8 8.4 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued thereon and to the date of prepayment (but, for the avoidance of doubt, without any premium, penalty or Make-Whole Amount determined as of the prepayment dateAmount). The prepayment shall be made on the Cross-Put Disposition Prepayment Date determined for prepayment pursuant to Section 8.8(a8.4(a).

Appears in 1 contract

Samples: Note Purchase Agreement (Black Hills Corp /Sd/)

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Acceptance and Payment. A failure of a holder of Notes to respond to a prepayment offer pursuant to this Section 8.8 8.9 in writing on or prior to a date at least ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date (such date ten (10) Business Days prior to the Cross-Put Disposition Prepayment Date being the “Cross-Put Disposition Response Date”), shall be deemed to constitute a rejection of the offer. To accept such offer, a holder of Notes shall cause a notice of such acceptance to be delivered to the Company not later than the Cross-Put Disposition Response Date. Prepayment of the Notes to be made pursuant to this Section 8.8 8.9 shall be made at 100% of the principal amount of such Notes being so prepaid, together with interest on such principal amount then being prepaid accrued thereon and to the date of prepayment (but, for the avoidance of doubt, without any premium, penalty or Make-Whole Amount determined as of the prepayment dateAmount). The prepayment shall be made on the Cross-Put Disposition Prepayment Date determined for prepayment pursuant to Section 8.8(a8.9(a).

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Macquarie Infrastructure Corp)

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